Greenlight Reinsurance, Ltd. · NASDAQ:GLRE
Greenlight Reinsurance — Greenlight Capital Re — Investor Presentation (October 2007)
7 slides from Greenlight Reinsurance's investor presentation, Oct 26, 2007
Slide 1: October 22, 2007
October 22, 2007
Slide 2: We are a Cayman Islands specialty property and casualty reinsurer
We are a Cayman Islands specialty property and casualty reinsurer with a differentiated reinsurance and investment strategy Greenlight Re Vision Capitalize on inefficiencies in the traditional approach to reinsurance Generate superior underwriting results Derive superior returns from both sides of t
Slide 3: Greenlight Re Model
Liability Asset Greenlight Re Model Disciplined risk selection process with focus on downside Fewer, bigger deals that are important to our clients and us Focus on deal economics Opportunistic based on market Portfolio is sum total of good opportunities Small team of highly skilled generalists Capit
Slide 4: Select contracts offering superior economic returns
Select contracts offering superior economic returns Focus on underserved markets with unique needs Highly customized approach Portfolio of frequency and severity business Generalist team approach Service both Global and Cayman Markets Broker Based Approach Underwriting Overview
Slide 5: Underwriting Philosophy
Underwriting Philosophy Flexibility to capitalize on market dislocations Each contract stands on its own Lead underwriter for majority of premium Long-term growth in book value rather than quarterly earnings Cradle-to-grave underwriting and administration process Incorporate risk-aversion in pricing
Slide 6: Organization Chart
Organization Chart Len Goldberg, CEO Bart Hedges, President & CUO Tim Courtis, CFO Brendan Barry SVP Exec. Trainee Sherry Diaz Controller Kerry Berchem General Counsel (Partner, Akin Gump) Faramarz Romer Reporting and Compliance Mandy Vodak-Marotta Operations Manager Rene Shortridge Office Administr
Slide 7: Progress to Date
Progress to Date Note: 1. Annualized. 1H2007 Gross Written Premium ($ millions) Frequency vs Severity (% of gross premium written) Written Premium/Capital (%) Combined Ratio (%) Highest Line of Business Concentration (%) General and Administrative Expenses ($ millions) 9.1 11.8 Capital ($ millions)
Greenlight Capital Re — Investor Presentation (October 2007) on 6ix